Kridhan Infra on Friday announced that it has signed a definitive share purchase agreement with institutional and other investors of Vijay Nirman Company to acquire 36.60 per cent stake in the latter. Vijay Nirman Company is a pedigreed private construction company with over 35 years of operations. The company has completed over 400 projects and has in-house design, execution and training academy and a fully-equipped 20,000-square metre fabrication yard near VSEZ, Visakhapatnam. VNC’s key business activities are: roads, bridges and metros, affordable housing, urban & rural infrastructure, industrial infrastructure and ports & terminals. The stock of the company ended the day on a high, gaining 6 per cent at ₹104.3 on the BSE.
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